2010/2009

Abstract
The research aims primarily to highlight on the challenges that faced the
auditors when they are issuance an opinion on the financial statements for
environmental sensitivity companies , in particular, these companies mostly do
not disclose about negative environmental information because their potential
impact on the extent of going concern assumption , On the other hand the impact
of the repercussions of such information on the decisions of prospective and
existing investors , knowing that most of the descriptive information that may
lead to distortion in the professional estimate and its impact on the type of report
to be released
1

The paper was reviewed for a number of Foreign Studies that dealt with
some of the challenges and varied among themselves only with the researcher
believes that the most important challenges that omitted these studies are
educated about mechanisms that support their professional estimate because the
audit process governed by the running cost (fees) based on the hours planned to
complete the audit process , which have an impact on the type of report for such
companies.
The applied study concluded on a sample of companies that belong to
environmentally sensitive sector , a sector cement industry that the majority of
reports issued by the offices of accounting and local members of the accounting
firms and a global review free of any reservation on the audit of such
companies, which means that environmental aspects in Egypt , no elevate for
attention by the auditors due to a number of challenges can be summed up some
of the following: low cultural awareness of the importance of environmental
auditing, the high cost of the review process compared to fees, the absence of
strict legislation against the companies, the lack of a standard review or guide
focus on issues of the environment and duties of the Auditor to be verified.
Based on the foregoing , the researcher is presenting a series of
recommendations are as follows:
1.
Review the need to develop programs consistent with the
nature of the industry such firms.
2.
Qualification and training of auditors on how to verify the
non-financial environmental information and their impact on the
assumption of continuity.
3.
Need to focus on accounting and auditing environmental
polychlorinated colleges trade at Egyptian universities to graduate
accounting auditors future than they have the scientific background
that qualifies them to measure the role of measurement and
disclosure, and then review the environmental information of
financial and non-financial.

:

Environmentally Intensive Companies



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15